Nintendo doubles revenue estimate due to Switch demand

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The company raised their initial 65 bn Yen estimate to 120 bn Yen following a boost in console production.

Nintendo has doubled its revenue estimate for 2017 following demand for the Nintendo Switch console.

The Japanese video game maker, according to reports from Reuters, raised its initial 65 Billion Yen revenue prediction, which was made only three months ago, to 160 Billion Yen. The rise in the revenue prediction has been put down to the increase of sales of the Nintendo Switch console.

Problems regarding available supplied of Nintendo Switch stock appear to be easing, which has helped the company reach its highest performance in seven years. The prediction of Switch sales has also gone up to 14 million, which would beat the lifetime sales of its predecessor, the WiiU.

Part of Nintendo's profit rise has also been the greater focus on the mobile gaming market, with titles such as Super Mario Run and Fire Emblem Heroes helped to secure a $157 million profit from net sales.